After 14 years, in Dec 2022, the steel company's stock finally crossed it's previous all time high of 147 it had hit in 2008, along with unusually high volumes.
Let's roll back a bit.
In 2018, things weren't looking rosy for Usha Martin. They had made a loss for 4 consecutive years.
So what happened?
In 2018, one of the company's promoter and currently Usha Martin's Managing Director, Mr. Rajeev Jhawar, had several disagreements with the board of directors. Eventually, he successfully persuaded them to sell off their steel business.
So what are PFAS and why are these important to the co?
PFAS stands for Per- and Polyfluoroalkyl Substances, a big long word that scientists use to talk about a group of chemicals that can be found in some things like food packaging, non-stick pans, and some types of clothing.